EANS-Adhoc: Steiermärkische Bank und Sparkassen AG expands its operations in North Macedonia: Securities and Exchange Commission decision received

Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.

Mergers - Acquisitions - Takeovers
24.09.2019

Graz -
On 28 February 2019, Steiermärkische Bank und Sparkassen AG signed a share purchase agreement with Societe Generale to acquire all the shares owned by Societe Generale in Ohridska Banka Societe Generale (OBSG) in the Republic of North Macedonia, representing circa 74.53 % of the share capital of OBSG. With this transaction, Steiermärkische Sparkasse will be able to considerably strengthen its existing market position in Northern Macedonia.
After receiving the approvals of the European Central Bank, the North Macedonian National Bank and the Capital market and competition authorities, on 23 September 2019, the decision of the Securities and Exchange Commission was received.
On 24 September 2019 the takeover Bid Period started and is expected to end on the 21st of October 2019.

end of disclosed inside information ================================================================================ The Steiermärkische Sparkasse Group is the largest provider of financial services in southern Austria. 2,751 employees serve around
700,000 clients at 233 locations in Styria and in south-eastern Europe.

end of announcement euro adhoc

issuer: Steiermärkische Bank und Sparkassen AG Sparkassenplatz 4
A-8010 Graz
phone: 05 0100 20815
FAX:
mail:
WWW: www.steiermaerkische.at
ISIN: -
indexes:
stockmarkets: Wien
language: English

Digital press kit: http://www.ots.at/pressemappe/6721/aom

Rückfragen & Kontakt:

Steiermärkische Sparkasse, Group Communication, 8010 Graz, Sparkassenplatz 4,
Tel. +43 (0)5 0100 EXT 35055,
Birgit Pucher, mobile: +43 (0)664-8387324, e-mail:
birgit.pucher@steiermaerkische.at
Text/photos on homepage at http://www.steiermaerkische.at/medien

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | EAE0001